Gold Mine Sale in Chile - Putaendo, Chile, Canada Add this business to my shortlist >>
Looking for an Investor .
The reserves have an estimated value of $170,000,000.
A geologists report was recently completed and available.
Gold, Copper and Silver mineralization is controlled by structural intersections, structural jogs and fracturing.
Bonanza grades (> 60 g/t Au) are locally noted.
Focus in the Americas: Chile, preferred country in which to do business.
Good Operations: small and efficient, but with upside potential.
District exploration potential.
Synergies with current Chilean opertions: cyanide, balls, refining, contracts, (Fundición Ventanas Codelco Quintero V. Región Chile) others could be optimized.
Tax benefits: Chilean Company, postponing payment of 19% on taxes on $100M that would not be repatriated until later date
Years established: 15 years
Real Estate
Location
The Andacollo-Durazno Mine is located 14 kilometers north of the city of Putaendo, (35 kilometers north of the city of Los Andes) at an elevation of 1.250 meters. It lies within the División Andina metallogenic region with host the División Andina, Cerro Negro and Ceniza ore deposits Expansion potential
Past resource studies: Measured and indicated resources of between 2M and 5M, 0.4 to 10 g/t Au (125.000 to 625.000 contained Au ounces) Total resources of 8M tons with 2 to 10 g/t Au (312.500 to 937.000 contained Au ounces.) The south part of the district has the most development and production. In the north the structures, are better preserved at a higher elevation. More Detail http://venta.mina.andacollo.googlepages.com/home
Business description
Looking for an Investor .
The reserves have an estimated value of $170,000,000.
A geologists report was recently completed and available.
Gold, Copper and Silver mineralization is controlled by structural intersections, structural jogs and fracturing.
Bonanza grades (> 60 g/t Au) are locally noted.
Focus in the Americas: Chile, preferred country in which to do business.
Good Operations: small and efficient, but with upside potential.
District exploration potential.
Synergies with current Chilean opertions: cyanide, balls, refining, contracts, (Fundición Ventanas Codelco Quintero V. Región Chile) others could be optimized.
Tax benefits: Chilean Company, postponing payment of 19% on taxes on $100M that would not be repatriated until later date
The Andacollo-Durazno Mine is located 14 kilometers north of the city of Putaendo, (35 kilometers north of the city of Los Andes) at an elevation of 1.250 meters. It lies within the División Andina metallogenic region with host the División Andina, Cerro Negro and Ceniza ore deposits
Past resource studies: Measured and indicated resources of between 2M and 5M, 0.4 to 10 g/t Au (125.000 to 625.000 contained Au ounces) Total resources of 8M tons with 2 to 10 g/t Au (312.500 to 937.000 contained Au ounces.) The south part of the district has the most development and production. In the north the structures, are better preserved at a higher elevation. More Detail http://venta.mina.andacollo.googlepages.com/home
Financial Details
Asking price:
$7,650,000
Inventory value:
$170,000,000
$7,650,000
$170,000,000